Rating Index
Pros
Offers a range of trading markets and instruments for diverse investment strategies.
Has an investment advisory license, which may provide some level of regulatory oversight.
Claims to have a long operating history, suggesting experience in the forex market.
Cons
Numerous reports and reviews label it as a scam, indicating potential risks for investors.
High potential risk associated with its operations and suspicious scope of business.
Customer complaints regarding withdrawal issues and lack of communication raise concerns about reliability.
RE1 broker Accounts
RE1 Account Type
RE1 offers several types of brokerage accounts to cater to different investor needs. The primary account types include:
Individual Brokerage Account: This is the most straightforward account type, suitable for single investors. It allows for unlimited contributions and withdrawals but does not provide specific tax advantages. Income generated is subject to income tax and capital gains tax upon selling investments.
Joint Brokerage Account: Designed for multiple individuals, such as couples or business partners, this account allows shared ownership and management of investments. Each account holder can access funds and trade based on their ownership percentage.
Retirement Accounts: RE1 also provides retirement accounts like Traditional IRAs and Roth IRAs, which offer tax benefits. Contributions to a Traditional IRA may be tax-deductible, while Roth IRA withdrawals are tax-free in retirement.
Custodial Accounts: These accounts are established for minors and managed by an adult custodian until the minor reaches adulthood. The funds are in the minor's name but controlled by the custodian.
Margin Accounts: For experienced investors, RE1 offers margin accounts that allow borrowing funds to trade, increasing potential gains but also risks.
Select the Account Type: Determine which type of account best suits your investment goals (individual, joint, retirement, custodial, or margin).
Complete the Application: Fill out an online application form, providing necessary personal information including your Social Security number, contact details, employment information, and financial data.
Fund Your Account: After your application is approved, you will need to fund your account. This can be done via electronic funds transfer from a linked bank account, wire transfer, or by mailing a check. RE1 may have different minimum funding requirements based on the account type.
Start Investing: Once your account is funded, you can begin researching and investing in various securities available through RE1.
RE1 Broker Account Opening Process
Opening a brokerage account with RE1 is a straightforward process that can typically be completed in just a few steps:
RE1 Similar Broker Accounts
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